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Side-by-side financial comparison of Dollar Tree (DLTR) and Vistra Corp. (VST). Click either name above to swap in a different company.
Vistra Corp. is the larger business by last-quarter revenue ($4.8B vs $4.7B, roughly 1.0× Dollar Tree). Dollar Tree runs the higher net margin — 5.2% vs 4.8%, a 0.3% gap on every dollar of revenue. On growth, Vistra Corp. posted the faster year-over-year revenue change (31.2% vs -37.2%). Vistra Corp. produced more free cash flow last quarter ($596.0M vs $-57.1M). Over the past eight quarters, Vistra Corp.'s revenue compounded faster (23.3% CAGR vs -25.9%).
Dollar Tree, Inc., formerly known as Dollar Tree Stores, Inc., is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of 24 distribution centers.
Vistra may refer to either of two companies:Vistra, a corporate services company based in Hong Kong Vistra Corp, an energy company based in Texas
DLTR vs VST — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $4.8B |
| Net Profit | $244.6M | $233.0M |
| Gross Margin | 35.8% | — |
| Operating Margin | 7.2% | 9.9% |
| Net Margin | 5.2% | 4.8% |
| Revenue YoY | -37.2% | 31.2% |
| Net Profit YoY | 4.8% | -47.2% |
| EPS (diluted) | $1.20 | $0.55 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $4.7B | $4.8B | ||
| Q3 25 | $4.6B | $4.8B | ||
| Q2 25 | $4.6B | $3.8B | ||
| Q1 25 | $5.0B | $4.3B | ||
| Q4 24 | $7.6B | $3.7B | ||
| Q3 24 | $7.4B | $4.3B | ||
| Q2 24 | $7.6B | $3.6B | ||
| Q1 24 | $8.6B | $3.2B |
| Q4 25 | $244.6M | $233.0M | ||
| Q3 25 | $188.4M | $652.0M | ||
| Q2 25 | $343.4M | $327.0M | ||
| Q1 25 | $-3.7B | $-268.0M | ||
| Q4 24 | $233.3M | $441.0M | ||
| Q3 24 | $132.4M | $1.9B | ||
| Q2 24 | $300.1M | $365.0M | ||
| Q1 24 | $-1.7B | $-35.0M |
| Q4 25 | 35.8% | — | ||
| Q3 25 | 34.4% | — | ||
| Q2 25 | 35.6% | — | ||
| Q1 25 | 37.6% | — | ||
| Q4 24 | 30.9% | — | ||
| Q3 24 | 30.0% | — | ||
| Q2 24 | 30.8% | — | ||
| Q1 24 | 32.1% | — |
| Q4 25 | 7.2% | 9.9% | ||
| Q3 25 | 5.1% | 21.7% | ||
| Q2 25 | 8.3% | 13.7% | ||
| Q1 25 | — | -2.8% | ||
| Q4 24 | 4.4% | 16.4% | ||
| Q3 24 | 2.8% | 59.6% | ||
| Q2 24 | 5.5% | 22.5% | ||
| Q1 24 | -21.9% | 2.7% |
| Q4 25 | 5.2% | 4.8% | ||
| Q3 25 | 4.1% | 13.6% | ||
| Q2 25 | 7.4% | 8.7% | ||
| Q1 25 | -74.0% | -6.3% | ||
| Q4 24 | 3.1% | 12.0% | ||
| Q3 24 | 1.8% | 43.5% | ||
| Q2 24 | 3.9% | 10.1% | ||
| Q1 24 | -19.8% | -1.1% |
| Q4 25 | $1.20 | $0.55 | ||
| Q3 25 | $0.91 | $1.75 | ||
| Q2 25 | $1.61 | $0.81 | ||
| Q1 25 | $-17.17 | $-0.93 | ||
| Q4 24 | $1.08 | $1.09 | ||
| Q3 24 | $0.62 | $5.25 | ||
| Q2 24 | $1.38 | $0.90 | ||
| Q1 24 | $-7.78 | $-0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $594.8M | $785.0M |
| Total DebtLower is stronger | — | $15.8B |
| Stockholders' EquityBook value | $3.5B | $5.1B |
| Total Assets | $13.7B | $41.5B |
| Debt / EquityLower = less leverage | — | 3.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $594.8M | $785.0M | ||
| Q3 25 | $666.3M | $602.0M | ||
| Q2 25 | $1.0B | $458.0M | ||
| Q1 25 | $1.3B | $561.0M | ||
| Q4 24 | $697.6M | $1.2B | ||
| Q3 24 | $570.3M | $905.0M | ||
| Q2 24 | $618.5M | $1.6B | ||
| Q1 24 | $684.9M | $1.1B |
| Q4 25 | — | $15.8B | ||
| Q3 25 | — | $15.8B | ||
| Q2 25 | — | $15.5B | ||
| Q1 25 | $3.4B | $15.4B | ||
| Q4 24 | — | $15.4B | ||
| Q3 24 | — | $13.9B | ||
| Q2 24 | — | $13.9B | ||
| Q1 24 | $3.4B | $14.7B |
| Q4 25 | $3.5B | $5.1B | ||
| Q3 25 | $3.6B | $5.2B | ||
| Q2 25 | $3.9B | $4.8B | ||
| Q1 25 | $4.0B | $4.8B | ||
| Q4 24 | $7.6B | $5.6B | ||
| Q3 24 | $7.4B | $5.4B | ||
| Q2 24 | $7.3B | $5.6B | ||
| Q1 24 | $7.3B | $5.7B |
| Q4 25 | $13.7B | $41.5B | ||
| Q3 25 | $13.4B | $38.0B | ||
| Q2 25 | $18.3B | $38.1B | ||
| Q1 25 | $18.6B | $38.2B | ||
| Q4 24 | $23.3B | $37.8B | ||
| Q3 24 | $22.6B | $37.9B | ||
| Q2 24 | $22.1B | $39.1B | ||
| Q1 24 | $22.0B | $38.2B |
| Q4 25 | — | 3.11× | ||
| Q3 25 | — | 3.02× | ||
| Q2 25 | — | 3.22× | ||
| Q1 25 | 0.86× | 3.20× | ||
| Q4 24 | — | 2.77× | ||
| Q3 24 | — | 2.56× | ||
| Q2 24 | — | 2.49× | ||
| Q1 24 | 0.47× | 2.60× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $319.3M | $1.4B |
| Free Cash FlowOCF − Capex | $-57.1M | $596.0M |
| FCF MarginFCF / Revenue | -1.2% | 12.4% |
| Capex IntensityCapex / Revenue | 7.9% | 17.4% |
| Cash ConversionOCF / Net Profit | 1.31× | 6.15× |
| TTM Free Cash FlowTrailing 4 quarters | $394.5M | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $319.3M | $1.4B | ||
| Q3 25 | $260.7M | $1.5B | ||
| Q2 25 | $378.5M | $572.0M | ||
| Q1 25 | $405.1M | $599.0M | ||
| Q4 24 | $785.6M | $1.4B | ||
| Q3 24 | $306.9M | $1.7B | ||
| Q2 24 | $695.7M | $1.2B | ||
| Q1 24 | $1.3B | $312.0M |
| Q4 25 | $-57.1M | $596.0M | ||
| Q3 25 | $15.6M | $1.0B | ||
| Q2 25 | $129.7M | $-118.0M | ||
| Q1 25 | $306.3M | $-169.0M | ||
| Q4 24 | $359.2M | $923.0M | ||
| Q3 24 | $-193.8M | $1.0B | ||
| Q2 24 | $223.5M | $698.0M | ||
| Q1 24 | $470.8M | $-153.0M |
| Q4 25 | -1.2% | 12.4% | ||
| Q3 25 | 0.3% | 21.1% | ||
| Q2 25 | 2.8% | -3.1% | ||
| Q1 25 | 6.1% | -4.0% | ||
| Q4 24 | 4.8% | 25.2% | ||
| Q3 24 | -2.6% | 23.4% | ||
| Q2 24 | 2.9% | 19.4% | ||
| Q1 24 | 5.5% | -4.8% |
| Q4 25 | 7.9% | 17.4% | ||
| Q3 25 | 5.4% | 9.6% | ||
| Q2 25 | 5.4% | 18.4% | ||
| Q1 25 | 2.0% | 18.1% | ||
| Q4 24 | 5.6% | 11.7% | ||
| Q3 24 | 6.8% | 15.8% | ||
| Q2 24 | 6.2% | 13.8% | ||
| Q1 24 | 9.1% | 14.7% |
| Q4 25 | 1.31× | 6.15× | ||
| Q3 25 | 1.38× | 2.25× | ||
| Q2 25 | 1.10× | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.37× | 3.07× | ||
| Q3 24 | 2.32× | 0.90× | ||
| Q2 24 | 2.32× | 3.28× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLTR
| Consumable | $2.4B | 50% |
| Variety | $2.1B | 43% |
| Seasonal | $344.1M | 7% |
VST
| Retail Energy Charge In ERCOT | $2.1B | 43% |
| Retail Energy Charge In Northeast Midwest | $1.2B | 24% |
| East Segment | $1.1B | 24% |
| Hedging Revenue Realized | $170.0M | 4% |
| Revenue From Other Wholesale Contracts | $116.0M | 2% |
| Transferable Production Tax Credit Revenues | $78.0M | 2% |
| West Segment | $77.0M | 2% |
| Intersegment Sales | $25.0M | 1% |
